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To begin, we should make clear the distinctions between the different areas of "Premia", some of which may confuse new users.
A suite of upgradable smart contracts that together facilitates peer-to-peer market making and trading of options on ERC-20 tokens available on the Ethereum blockchain along with a settlement engine. This can be thought of as the “base” layer.
A suite of in-house and third party smart contracts, composed on top of The Premia Protocol, that enables additional user functionality such as participation in automated strategies, leverage, and risk management on the Ethereum blockchain.
A web interface that allows for easy interaction with the Premia protocol. The interface is only one of many ways one may interact with the Premia protocol.
A governance system for governing the Premia Protocol, enabled by staking PREMIA token and receiving vxPremia.